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I actually tried to verify they are running a business. So I tried to visit their shanghai office.I am open minded, if they have a real business, the company might be undervalued. So far, I have to say, this is a total scam. I will send a complain to SEC next week.All the criminal could get away tempary, just a matter of time, they will go to jail.
PV does the Debt for Equity scam. Guess who controls the "debt"?
I suspect all these debt is from his relatives/shell company.That is why he issued the debt at 75% discount to himself at the same time pump the stock.Otherwise, he has no reason to pump the stock.